Page 370 - DCAC Feb 2026 Files

Invesco Dev Mkt 12/31/25

PORTFOLIO CHARACTERISTICS ASSET ALLOCATION TOP 10 HOLDINGS
Total Securities 93 Taiwan Semiconductor Manufacturing 11.27 %
Avg. Market Cap $80,961 Million Equity 99.3% Tencent Holdings Ltd 7.56 %
P/E 11.25 Samsung Electronics Co Ltd 6.26 %
Cash 0.6%
P/B 1.76 HDFC Bank Ltd 4.22 %
Div. Yield 3.26% Fixed Income 0.1% AIA Group Ltd 3.05 %
TOP 5 COUNTRIES Vale SA ADR 3.00 %
Others 0.0%
China 27.83 % H World Group Ltd ADR 2.85 %
Taiwan 15.58 % 0.0% 50.0% 100.0% 150.0% Alibaba Group Holding Ltd Ordinary 2.56 %
Korea 10.47 % JD.com Inc Ordinary Shares - Class 2.35 %
Brazil 9.99 % 3 5 Anglo American PLC 2.15 %
Years Years
India 9.91 % Total 45.26 %
vs. MSCI EM (Net) Index
Total 73.78 %
Beta 0.85 0.97
REGION ALLOCATION SECTOR ALLOCATION
Equity Sector Allocation As of 11/30/2025
Asia Pacific 75.2%
Real Estate 0.3% Real Estate 0.3%
Health Care 0.4% Health Care 0.4%
Utilities
Americas 14.1% Industrials 1.2% Utilities 1.2%
1.4%
Energy 2.6% Industrials 1.4%
Consumer Staples 8.8% Energy 2.6%
EMEA Materials 9.7%
2.5% Consumer Staples 8.8%
Communication Services 11.5%
Consumer Discretionary 14.1% Materials 9.7%
Other 8.3% Financials 22.8% Communication Services 11.5%
Information Technology 27.3% Consumer Discretionary 14.1%
Financials 22.8%
0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 0.0% 8.0% 16.0% 24.0% 32.0% 40.0%
Information Technology 27.3%
STYLE MAP (01/01/01 - 12/31/25) UP/DOWN CAPTURE (01/01/21 - 12/31/25) 0.0% 15.0% 30.0% 45.0%
150.0
MSCI EAFE Value Index MSCI EAFE Growth Index 125.0
Capitalization Up Capture 100.0
75.0
50.0
MSCI EAFE Small Cap MSCI Emerging Markets Index
50.0 70.0 90.0 110.0 130.0 150.0
Manager Style Down Capture
Style History Dec-2025 Average Style Exposure Invesco Dev Mkt

63